Archive for August, 2010

As people become more conscious of the environment and aim to reduce their carbon footprint, there is a new premium on products and features that promote energy efficiency. Real estate is no exception, and today’s homeowners are taking steps to “go green” as a way to cut costs and to make their home more desirable to buyers.

According to the U.S. Department of Energy, going green can cut your bills by up to 25 percent. You can achieve these savings by jumping on one or more of the following green home trends:

• Choose environmentally friendly LED lighting, which gives off the same light as regular bulbs, but lasts 50 times longer.
• Low flush toilets use one or two gallons of water per flush, compared to three to five gallons for a typical toilet.
• Purchase appliances marked with the ENERGY STAR label. This designation means that they meet the strict energy-efficiency guidelines set by the Environmental Protection Agency and the U.S. Department of Energy.

A few small things can help you save money, protect the environment and make your home more attractive when you decide to sell it.

In other news – open house traffic has seen a change since this time last year. 

Open House Traffic On the Rise

Homebuyers seem to be responding to the attractive home prices and historically low interest rates that make the current housing market one of the most affordable in decades. For the weekend of July 31 – August 1, attendance at Weichert Open Houses was up 6 percent compared to the same weekend in 2009. In addition, the average number of attendees at each Weichert Open House was 17 percent greater than last year.  The bottome line is that…..

…..Buyers are out there!

So, if you are considering a move into or out of Bedminster, NJ, please don’t hesitate to contact me directly so we can talk about the market here in town.

There were 21 contract sales in Bedminster during the month of July. This is UP from June when only 14 sales were recorded. This seems to contradict the sentiment that the expiration of the tax credit woud lead to a dip in sales activity.

There were 12 closings in Bedminster this past month:

70 Willow Drive, $720,000/$650,000
33 Spruce Court, $239,000/$235,000
27 Stafforoad Court, $779,000/$730,000
41 Teal Lane, $469,000/$450,735
26 Academy Court, $254,999/$250,000
16 Pheasant Brook Court, $349,900/$332,000
83 Cortland Lane, $99,999/$100,000
19 Ashley Court, $312,000/$318,000
28 Teal Lane, $460,000/$450,000
61 Edgewood Road, $449,000/$435,000
81 Autumn Ridge Road, $715,000/$690,000
12 Lockhaven Court, $499,999/$505,000

If you are consdering a move into or out of Bedminster, try searching for available properties: luxury homes or townhouses and condos or sign up for listing notifications as properties are listed.  Contact me directly for any other questions related to real estate in and around our area in beautiful Somerset County, NJ.